Tamil Nadu Board 11th Standard Commerce - Chapter 17: Book Back Answers and Solutions
This post covers the book back answers and solutions for Chapter 17 – Commerce from the Tamil Nadu State Board 11th Standard Commerce textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.
We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.
By going through this material, you’ll gain a strong understanding of Commerce Chapter 17 along with the corresponding book back questions and answers (PDF format).
Question Types Covered:
- 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following
- 2 Mark Questions: Answer briefly
- 3, 4, and 5 Mark Questions: Answer in detail
All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.
All the best, Class 11 students! Prepare well and aim for top scores. Thank you!
Chapter 17: SOCIAL RESPONSIBILITY OF
BUSINESS
I. Choose the correct answer
1. Which type of Responsibility gives the benefit to the Society out of its profits earned?
(a) Legal
(b) Ethical
(c) Moral
(d) Economic
Answer Key:
(c) Moral
2. The Stakeholders of Socially Responsible business units are except
(a) Share Holders
(b) Employees
(c) Government
(d) Company
Answer Key:
(d) Company
3. Assuming Social Responsibility of business helps the enterprise in
(a) Increase profit
(b) Decrease profit
(c) Sustainability
(d) Equilibrium
Answer Key:
(c) Sustainability
4. Socially Responsible business provides goods at
(a) high price
(b) low price
(c) reasonable price
(d)moderate price
Answer Key:
(c) reasonable price
5. Social Responsibility towards employees represents the following except
(a) reasonable remuneration
(b) proper facilities
(c) Social security
(d) exploitation
Answer Key:
(d) exploitation
II. Very Short answer questions
1. Give the meaning of Social power. - Businessmen have considerable social power.
- Their decisions and actions affect the lives and fortunes of the society.
2. What is free enterprise?
- A business enterprise which accepts and discharges social obligations enjoys greater freedom.
- Social responsibilities are essential for avoiding governmental action against business.
3. What is Ethical responsibility?
- This includes the behaviour of the firm that is expected by society but not codified in law.
- There is an element of voluntary action in performing this responsibility
III. Short answer questions
1. Define the concept of Social Responsibility. “Social Responsibility requires managers to consider whether their action is likely to promote the public good, to advance the basic beliefs of our society,to contribute to its stability, strength and harmony”. Peter F. Drucker
2. List the kinds of Social Responsibility. (any 3)
Economic Responsibility:
- A business enterprise is basically an economic entity and, therefore, its primary social responsibility is economic.
- Every business has a responsibility to operate within the laws of the land.
- This includes the behaviour of the firm that is expected by society but not codified in law
IV. Long answer questions
1. Explain the need for Social Responsibility. (any 5) Self-Interest
- A business unit can sustain in the market for a longer period only by assuming some social obligations.
- Business is a creation of society and uses the resources of society.
- Businessmen have considerable social power.
- A business can improve its image in public by assuming social obligations.
- Now-a-days consumers and workers are well informed about their rights.
2. How do you classify the Social Responsibility?
Economic Responsibility:
- A business enterprise is basically an economic entity and, therefore, its primary social responsibility is economic.
- Produce goods and services that society wants and sell them at a profit.
- Every business has a responsibility to operate within the laws of the land.
- This includes the behaviour of the firm that is expected by society but not codified in law.
- There is an element of voluntary action in performing this responsibility.
- This refers to purely voluntary obligation that an enterprise assumes, for instance, providing charitable contributions to educational institutions or helping the affected people during floods or earthquakes.
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